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An investor obtained a mortgage loan of $600,000 to purchase a property at an annual interest rate of 6% compounded monthly and fully amortising over

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An investor obtained a mortgage loan of $600,000 to purchase a property at an annual interest rate of 6% compounded monthly and fully amortising over 20 years. What would be the loan balance at the end of 5 years? Select one: O a $509,397.59 Ob $491,928.04 OC. $539,592.52 Od $456,054.59 Oe. None of the choices

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